Car rental company Hertz Global Holdings said it would restate or correct financial results for the past three years to fix accounting errors originating in 2011, sending its shares down as much as 12 percent on Friday.
First-quarter results are likely to be below market estimates due to costs related to the accounting review, the company said in a regulatory filing that disclosed further accounting issues at the No. 2 U.S. car rental firm.
Read MoreHertz to spin off equipment rental business for $2.5 billion
Hertz, which replaced its chief financial officer in December, was scheduled to report results on May 7, but delayed the announcement saying more work was required. The company did not say on Friday when it would release its results.